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Dec 31, 2012
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that's the total automatic cuts that you get that would include fema, education and state and local aid. obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two minutes. sfls welcome back to prounch. in just a few moments the president will take to the foed poed yum there to talk about the fiscal cliff negotiations. john, you have outlined what we believe are some of the components of this possible deal. given what you know, which side gave more at this point? >> i think everybody is giving. look, the president wanted, and democrats wanted, having campaigned on it, $250,000 threshold for family income for the return to the clinton jer gentleman tafrm rates
that's the total automatic cuts that you get that would include fema, education and state and local aid. obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still...
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Dec 26, 2012
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. >>> plus, forget about a college education. why the oil fields of america are now attracting the young. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> gold prices closing right now. let's get to bertha coombs. >> gold closing fractionally higher, on track for its twelfth yearly gain, smallest since 2008 because it's been a very tough quarter for gold. despite the fact we've had all these worries, whether it be the fiscal cliff, the election, the situation in europe. nonetheless, gold has just not been the safe haven. this morning, it was industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime
. >>> plus, forget about a college education. why the oil fields of america are now attracting the young. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like...
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Dec 31, 2012
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pokes in this country are committed to education and educating their children. the last thing they want to go is child care. but they're going to more part-time care. that creates a different view to our franchise owners and how they hire people and hours that they can provide to staff that they're limiting. >> greg, am i wrong in saying that i would assume if you're in the bookkeeping business, this on a short-term basis has to be a good thing? >> it actually is a great thing. yeah, we hit the market in two different areas. one, we obviously offer an opportunity for a group or individual to get into the business and start a career or wealth builder. but obviously, we have a touch with the end users, the 30 plus million around the u.s. and soon to be canada, as well. and supplying that small business owner with not only a bookkeeping service, but also data and analytics to help them run the business and make some business decisions as they grow. >> now, you're a franchise model. if, for example, whether it's dividends or capital gains and that goes up, does that
pokes in this country are committed to education and educating their children. the last thing they want to go is child care. but they're going to more part-time care. that creates a different view to our franchise owners and how they hire people and hours that they can provide to staff that they're limiting. >> greg, am i wrong in saying that i would assume if you're in the bookkeeping business, this on a short-term basis has to be a good thing? >> it actually is a great thing....
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Dec 31, 2012
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and they're not addressing the real problems of america, which are jobs, productivity, education, science research, and withering infrastructure. this is appalling, and the american people should watch whatever's happening with a sense of disgust. >> you feel clearly very strongly. >> yes. >> why do you think we've got to this stage? what could turn it into a more positive narrative? >> i think we are at this place because the role of muddle in politics has overwhelmed, the lobbying process has overwhelmed the sound financial planning for the american people. we have a mess in the health care spending in the out years, which is real. but the costs of providing medical care through pharmaceutical monopolies, insurance monopolies and hospitalization monopolies means american people pays more than double what the rest of the people pay in the world. we're not fixing that. >> diana, is that your assessment of what we witnessed today? >> we are not making real attempts to cut spending, which is the problem. we have $16 trillion in debt. $1 trillion deficit. and what we're talking about today i
and they're not addressing the real problems of america, which are jobs, productivity, education, science research, and withering infrastructure. this is appalling, and the american people should watch whatever's happening with a sense of disgust. >> you feel clearly very strongly. >> yes. >> why do you think we've got to this stage? what could turn it into a more positive narrative? >> i think we are at this place because the role of muddle in politics has overwhelmed,...
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Dec 28, 2012
12/12
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and so people are looking, and research laboratories, educational situations, they're looking all over the country at what a sort of mindless 10% cut means or whatever. so they are really at the point of wanting some spes if ity and having someone look at, should we do this program or that program? and that's really what the congressman's going to have to do. >> yeah. i just -- i wonder how that shifts things now? because the narrative right now, and maybe the public will buy it right now, is that the republicans have been obstructionist about the tax issue. once we get past january 1st and you get everything you want, you won't even have to argue about $400,000, $500,000, $1 million. i don't know really if the president has had any reason to negotiate in good faith. >> he knew we were going over -- he knew he could get back to 39.6, and you saw geithner. in fact, congressman, i think we should have learned from this. check out this quick sound bite. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't
and so people are looking, and research laboratories, educational situations, they're looking all over the country at what a sort of mindless 10% cut means or whatever. so they are really at the point of wanting some spes if ity and having someone look at, should we do this program or that program? and that's really what the congressman's going to have to do. >> yeah. i just -- i wonder how that shifts things now? because the narrative right now, and maybe the public will buy it right...
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Dec 28, 2012
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and barnes & noble chairs rallying over british publishing and education company pearson says it will invest $85.9 million in nook media in exchange for a 5% equity stake. >>> well, houston's port is a big employer and a very busy one, one of the busiest in the world, but it could be stalled by a labor strike that threatens the city, as well as more than a dozen others along the eastern seaboard and gulf coast. annise parker is the mayor of houston. mayor parker, great to have you with us. >> glad to be with you. >> your port handles about 70% of the shipping container business along the gulf coast, so this could be a major blow how will it impact your city, exactly? >> of our nine terminals, two are container terminals, and it will shut those down. 70 to 150 workers will be not showing up to work, will shut down access to those terminals now. we will continue to do business through our other terminals, but it could have a really severe and immediate impact on not just what happens at the port, but this is about cargo moving to other places. so it's everything up and down the supply c
and barnes & noble chairs rallying over british publishing and education company pearson says it will invest $85.9 million in nook media in exchange for a 5% equity stake. >>> well, houston's port is a big employer and a very busy one, one of the busiest in the world, but it could be stalled by a labor strike that threatens the city, as well as more than a dozen others along the eastern seaboard and gulf coast. annise parker is the mayor of houston. mayor parker, great to have you...
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Dec 24, 2012
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20s, have a couple of kids, and buy the house and then go off to save for retirement and children's education. that group peaked in 2000 in terms of americans, fell since then, turns in 2013, starts to grow and it will be bigger than the baby boom is over the next decade. >> the good times are coming, tobias? >> we think so. >> the baby boomers taking their money out. >> consumer finance, happy you brought that up, almost like you logged it in for me. survey financials shows people post-65 take their equities down. the good news is the baby boom average age is 55. so we've got ten years to worry about that. >> we do our work. >> tobias, good to see you. happy holidays. >> happy holidays to you. your little hockey player? >> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to
20s, have a couple of kids, and buy the house and then go off to save for retirement and children's education. that group peaked in 2000 in terms of americans, fell since then, turns in 2013, starts to grow and it will be bigger than the baby boom is over the next decade. >> the good times are coming, tobias? >> we think so. >> the baby boomers taking their money out. >> consumer finance, happy you brought that up, almost like you logged it in for me. survey financials...
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Dec 26, 2012
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if you want more education about currencies, go to currency class at money in motion.cnbc.com. >> an article in today's "new york times" finds once traditional dating priorities like having a good job, physical chemistry, may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters all around the u.s. they were all under 40 years old. brings us to this morning's squawk on the tweet. what's the most important financial question to ask on a first date. tweet us @squawk street. are we getting any responses? >> i don't know. can you imagine opening up that conversation? so, what's your credit score? are you using experian or transunion? >> i would expect you to do that on a date. >> what? why would you select me? i feel like that's not a compliment. >> this is a question you ask when you're over 40. the responders in that were all under 40. >> that's true. more to do with maybe a nest egg, so to speak, right? >> you can be more reckless. >> oh, yeah. >> london, here we come. >> retailers feeling the effect of slow holiday spending this year. wh
if you want more education about currencies, go to currency class at money in motion.cnbc.com. >> an article in today's "new york times" finds once traditional dating priorities like having a good job, physical chemistry, may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters all around the u.s. they were all under 40 years old. brings us to this morning's squawk on the tweet. what's the most important financial...